![]() ![]() Of course, Joe Manchin is also an indication. ![]() But, assuming his ideas carry the day, it will be the latest indication that the institutions of our government are unwilling and/or incapable of coping with the onrushing magnitude of the climate crisis. Manchin - who represents West Virginia and its high concentration of energy jobs - is adding his high-profile voice to those warning the Fed against tackling climate issues.įirst of all, Toomey’s “high-profile voice” ought to be audible only to dogs since he’s retiring anyway. Sarah is a leading voice in understanding climate change as it pertains to the economy. Toomey (R-Pa.) and other GOP lawmakers have attacked her view that the Fed should do more to mitigate the financial risks of climate change, including by potentially changing the way it regulates energy producers. They've also stalled two other Biden nominees to the board, as well as the renomination of Jerome Powell for another term as Fed chair. The GOP members of the Senate Banking Committee boycotted a hearing on Raskin’s nomination. Maintaining a certain amount of consistency, Manchin’s opposition contributes to a general Republican stonewall. Manchin is not a member of the Senate Banking Committee that will be voting on Raskin's candidacy. "Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation's critical energy needs," Manchin said in a statement on Monday announcing his opposition to Raskin's nomination. From CNN: Raskin's stance on environmental issues, including her view on the transition away from fossil fuels, are colliding with soaring gas prices and a renewed debate about oil independence in the face of the Russia-Ukraine conflict. Manchin, other fossil fuel shills torpedoed the nomination of banking regulator Sarah Bloom Raskin because she wants to fight climate change Manchin, other fossil fuel shills torpedoed the. He’s more than happy to explain that for you. Now, you may wonder what this particular nomination has to do with Manchin’s eternal devotion to various fossil fuels. Raskin said the report, which is from a group that seeks to transform the practices and policies that govern capital markets to accelerate action on climate change, provides a comprehensive set of valuable recommendations for United States’ financial regulators something they can pick up and deploy now. Raskin was both a deputy Treasury Secretary and a member of the Fed board during the Obama years. He has monkey-wrenched the nomination of Sarah Bloom Raskin to the board of the Federal Reserve. Lawmakers grilled Fed nominee Sarah Bloom Raskin on Thursday, questioning everything from her stance on climate change, the role of the Federal Reserve, and her financials. Well, not the Lord, exactly, but certainly the fields of his donors. Senator Joe Manchin (D-Not D) is at play in the fields of the Lord again. ![]()
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